As the White House tries to get its story straight about whether or not it misread the severity of the recession, Federal Reserve Governor Elizabeth Duke threw out a word of caution to the banks still in TARP jail at risk of confusing a multi-trillion dollar sugar high with better economic conditions. After reiterating the party line of ‘things aren’t completely falling apart but that’s about it’, Duke provided some food for thought for the remaining bailout boys looking to rid themselves of government’s death grip.
“If you have already received TARP capital, consider holding it in reserve for a little longer, at least until conditions are more favorable,” Duke said. “Once you repay the TARP investment, it likely will not be available again.”
It will be heading back out the door to pay the mortgages of the unemployed.
Fed’s Duke Says U.S. Economy Is Stabilizing at a Low Level [Bloomberg]
Person 1: i say we start a website and spread rumors about bschool
Person 2: yes bschoolsux.com
Person 1: then we can blog about it
Person 2: wasteyourmoneyonmba.org
Person 2: we can put up fake testimonials too from people who hated bschool
Person 1: hmm. i think the first website name could also be pron
Person 2: yes more catchy
Person 2: porn? lol like b-schoogirls?
Person 1: bschool sucks … just think about that … totally good pron
Person 1: we should start a website … our shtick could be fake bschool students
Person 2: b-schoolgirl fetish
Person 1: exactly … “yes m’am”
Person 2: wearing suits and stuff
Person 1: right
Person 2: lol could be hot
Person 1: you in?
Person 2: harvard does wharton lol
Person 1: we can even recruit from bschools
students are desperate now
yeah … harvard takes it in the yale
@1 wasn’t remotely funny the first time you posted it.
solid post greg.
HAHAHAHAHAHA, the TARP will likely not be available again
Once the commercial real estate bubble explodes like me into Erin B the i-banks will be back for more cash monies.
What a farce
-Greasy Chicago Trader Man